Breeze Holdings Acquisition Corp. (BRZH) is a special purpose acquisition company (SPAC) founded in 2020. It is designed to identify a promising private company and facilitate its transition to a public company through a merger or acquisition. While they had intended to merge with D-Orbit, a space logistics and transportation company, the agreement was mutually terminated. Breeze Holdings is in the financial sector, specifically focused on mergers and acquisitions.
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D-Orbit announced plans nearly two years ago to go public through a merger with SPAC Breeze Holdings with an expected raise of $185,000,000 and a valuation of $1,280,000,000.
D-Orbit canceled plans to go public by merging with Breeze Holdings Acquisition Corp., a special purpose acquisition company, in the month prior to this report.
D-Orbit canceled plans to go public by merging with Breeze Holdings Acquisition Corp. on 2022-08-12.
D-Orbit had planned to raise $185,000,000 from the Breeze Holdings Acquisition Corp. deal to expand staff and accelerate investments in its ION Satellite Carrier orbital transfer vehicle.
D-Orbit is preparing to merge with Breeze Holdings Acquisition Corp., a special purpose acquisition company, with the merger expected to conclude in the third quarter of 2022.
D-Orbit's merger with Breeze Holdings is expected to be completed in the second or third quarter of 2022.
D-Orbit plans to go public through a merger with Breeze Holdings Acquisition Corp. announced on 2022-01-27.
D-Orbit expects the merger with Breeze Holdings Acquisition Corp. to raise $185,000,000 to expand its staff and accelerate investments in products and services including the ION Satellite Carrier.